đ Bitcoin Market Update â February 6, 2026
$BTC Price: ~$69,000â$72,000 (recent trading range) â sharply down amid broad risk-off selling. ďż˝
mint +1
𧨠Market Sentiment:
⢠Bitcoin has broken key support levels and trades near its lowest price in ~15 months â hitting ~$69,000 in recent sessions. ďż˝
⢠This drop has erased significant gains from late-2025 and reflects broader risk-off sentiment across equities and crypto. �
⢠Tech stocks weakness and macro uncertainty (inflation, rate policy) are key drivers behind risk asset sell-offs. �
mint +1
Financial Times
Barron's
đ Technical Signals:
⢠Bitcoin has lost major support around $75Kâ$72K; failure to hold these levels could open further downside toward ~$64K or lower on extended weakness. ďż˝
⢠Technical indicators (e.g., oversold RSI previously) had signaled exhaustion, but downside pressure has persisted. �
mint +1
CoinDesk
đ Market Drivers:
⢠Institutional activity: Spot $BTC ETFs are seeing net outflows, adding pressure to price direction. �
⢠Macro trends: Rising yields, hawkish central banks, and rebalancing into safe-haven assets like gold are weighing on crypto. �
⢠Regulation & Uncertainty: Stalled crypto legislation (e.g., stablecoin and clarity bills) adds to cautious sentiment. �
FX Leaders
Finance Magnates
Analytics Insight
đ Trader/Community Views:
⢠Some analysts see a continuation of volatility with potential deeper corrections to mid-$50K or retests of long-term averages if risk sentiment remains weak. �
⢠Others highlight that strong holders may defend key levels, preventing capitulation beyond current ranges. �
Cointelegraph
đ Key Levels to Watch:
Support: ~$68K â next floor ~$64Kâ$60K
Resistance: ~$75Kâ$80K zone for recovery upside
